Rémi Marcoux Steps Down as Chairman of Transcontinental

Adjustment in the Corporate Governance Structure
Given the change in the chair of the board, the board made certain adjustments to corporate governance, strengthening the role and responsibilities of Senior Director Richard Fortin.Fortin will chair the meetings of the independent directors and ensure that the board functions independently from management. He will also evaluate the performance of the president and CEO and will recommend compensation levels jointly with the chair of the Human Resources and Compensation Committee, which is composed exclusively of independent directors.